2012-02-15 / Business

Norway Savings Bank promotes Towle to vice president

BARRY TOWLE BARRY TOWLE PORTLAND — Norway Savings Bank recently announced that Barry Towle of Brunswick was promoted to vice president, security officer.

According to a news release, Towle works in the bank’s Congress Street office in Portland. Towle has 28 years of banking and consulting experience, including client management and auditing. He came to the bank in 2003 as the security officer and is responsible for administering the bank’s security program, investigating potential fraud and ensuring the bank’s compliance with anti-money laundering related laws. Towle also oversees any legal documents served on the bank, computer mainframe security, abandoned property and business continuity compliance.

“Barry has demonstrated his knowledge of the security function, and has been very effective in ensuring that the bank is compliant with the complex aspects of the Bank Secrecy Act,” said Steven Whitney, senior vice president, risk management at Norway Savings Bank. “He has done a great job of resolving fraud cases and working with law enforcement officials as necessary. Barry is an important asset to the risk management and security team and Norway Savings Bank.”

Towle earned his bachelor of science degree in business administration from the University of Maine at Orono. He also completed the New England School of Banking program at Williams College. Towle is a member of the Association of Certified Fraud Examiners and the Maine Bankers Association Security Committee.

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